This property looks like a bad Long-Term investment with a projected -22.87% first-year return on $101k initial cash invested.
-22.87%
Cash On Cash
2.03%
Cap Rate
0.3
DSCR
$1,360
Rent
-$1,921
Cashflow
Cash Flow
$1,360 income − $3,281 expenses = $1,921 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$95,980
Closing costs
1%
$4,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,360
Total Expenses
$3,281
Mortgage P&I
196%
$2,663
Property Taxes
7%
$96
Home Insurance
12%
$168
HOA
0%
$0
Property Management
10%
$136
CapEx
5%
$68
Vacancy
6%
$82
Maintenance
5%
$68
Other
0%
$0